MONEY

                                                                      BY :

                                           Name : Michael Jonatan Sihombing

                                                   NPM  : 1610631030180 

                                            Class/Semester : Accounting A8/1

                                                 

ACCOUNTING – A8

ECONOMIC & BUSINESS FACULTY

SINGAPERBANGSA KARAWANG UNIVERSITY

2016

History of the money

                       
Humans first learned about money around the year 2500 BC. at the time of Mesopotamia. at the time the money is made of silver and is used as a medium of exchange, a determinant of the value of an item, and determines the prosperity of a person.

Top of Form

Stages of development money, those are:
1. The pre-stage                                  4. The stage barter coins
2. Barter stage                                    5. Stage Bank notes
3. Stage goods money             6. Stage stuff money demand deposits

in the life of Indonesian Nation, using money the first time it can be seen from the remnants of past life history, from the days of empire, among others.
1. Janggala era (896-1158 AD) has been known for the so-called currency krisnala, made of gold, copper, and an alloy of copper and brass.
2. In Sulawesi kingdom in the 16th century has been circulating currency KAMPU (bid) made of woven daughter of the king in the past.
3. Around the 18th century in Banjarmasin circulating coin made of copper.

4 after the VOC went into Indonesia, a currency circulating in the community is golden. however, in certain areas of the community to make its own currency that is valid only in the region alone.
5. When the Japanese occupation, the currency prevailing in Indonesian society is the currency of ORI stands for "Oeang Republic of Indonesia"
6. Official Indonesian government in year 1 October 1946 to pass a law on the application of the currency and the ORI on October 25, 1946 the government passed legislation to regulate the exchange rate ORI, while outside Java 100 rupiah Japanese currency equivalent to 1 rupiah ORI

Definition of Money

Generally money means as goods that have a specific and function to facilitate exchange. exspecifically money construed as legal tender.
Some sense, according to the experts is as follows:
a. Allbert Ga'llort according to Hart, money is wealth that can be used by their owners to repay the debt in a certain amount at that time as well.
b. According to RJ Thomas, money is something that is generally accepted in payment (purchase) of goods, services, repayment of debt.
c. According to Robertson, money is anything that is generally accepted in payment of goods.

The Types of Money
a. Base on materials used to make

1. Coin Money (Giral)
coins are made from logam.  money can be made from gold, copper, nickel, with the form and content of a certain weight and with certain characteristics anyway to avoid counterfeiting. for example Rp 100.00, US $ 200.00, US $ 500.00, US $ 1000.00

2.  Paper Money
Paper money is money that is made of paper. The money is made with special paper in order to difficult to falsify. For example money USD 2000.00, 5000.00 USD, USD 10,000.00, USD 50,000.00, USD 100,000.00

b. Based agency that issued

1. Banknotes (Charta = trust)
currency is a currency banknotes and coins issued by the central bank (the government) and applies in general

2. Deposit demand (Gyro)
is the demand deposit is a bill or an account at a bank which is used as a means of payment. Miscellaneous demand deposits, among others:

a. Paying

is command transaction amount of money that a person in a manner ordered the bank to pay a sum of money from its accounts.

Telegraphic transfer (TT),

is the inter-bank payments based on the request of the owner of the bank account bill. For example someone BRI in Jakarta want telegraphed warrant BRI Semarang pay to the bank, then the bank BRI Jakarta sent a telegram containing the warrant pay to the bank BRI Semarang to the person who appointed the owner of the account.

Deposits Are Money but Checks Are Not

            Deposits are money but checks are not, because checks only serve as instructions to transfer money from one account to another.

Credit Cards

            Credit cards are not money. They are a special type of ID card that enables the user to obtain an instant loan.

Debit Cards

            Debit cards are not money. They are used as a tool that moves money from one part to another.

E-Checks

            An electronic check (e-check) is an electronic equivalent of a paper checks. Like a paper check, an e-check is not money. The deposit transferred is money.

E-Cash

            Electronic cash (e-cash) is an electronic equivalent of paper notes and coins. For people willing to use it, it works like money. It has not yet reached the level of recognition that makes it universally accepted as a means of payment, so it doesn’t meet the definition of money.

v  Bank resources fund (funding) => Saving, such as: bill of Gyro, saving , Deposit.

v  Rekening Gyro (Checkable Deposit/Demand Deposit)

-          Costumer-Saving: personally or business entity.

-          Currency: rupiah or foreign exchange.

-          Withdraw can conduct every time, by using slips check   .

-          Commonly, the owner rekening gyro is the Company.

-          Once in a month, the owner of bill gyro is given collect notes mutation of defosit and withdrawing, which is called by paper bill.

-          Bill gyro is media to credit the result of credit disbursement, such as facility of work capital credit, credit of invest, or the kind of credit else.

v  Saving Deposit

-          Is a saving form which the fund is saved on a bill.

-          The saving owner can conduct withdrawing his/her fund whenever, cash or noncash (moving of book or transfer fund to other Bank), passes ATM or teller.

-          Saving can be owned by entrepreneur, manpower, student and many other.

v  Deposit (Time Deposit)

            1. Time Deposit

- Is a form of saving that time period of disbursement its fund (time period) has decided.

- Commonly, time deposit has time period a month, 3 month, 6 month and 12 month/ a year.

-The owner of Time deposit can determine his/her tempo, through considering of interest rate deposit which is interested.  

- On the basic deposit can’t disbursement before the date of tempo.

- Bank will give the fine, if the costumer forces to change it before the date of tempo.

            2. Deposit certificate

- Basically, Deposit of certificate same with time deposit.

- The payment interest of deposit certificate which is conducted at the first when placement on the bank. 

- On time deposit, payment of interest can conducted at the end.

- Deposit certificate can disbursement by certificate owner.

- And the time deposit is namely, so time deposit solely can withdrawals can only be done by the holder.

REFERENCES

Mulyasari trini, Celsius ekonomi, klaten, cv grafika dua tujuh : 2016

www.bi.go.id